| Revenue growth | Q2 revenue +40.02% YoY; H1 +37.44% |
|---|---|
| Margins | EBITDA margin 11.74% vs 15.17%; gross margin 28.57% vs 36.56% |
| Order book | ₹2,700+ cr; ~96% Metering; ~2.5 years revenue cover |
| Demand visibility | Order book ₹2,700+ cr as of 2 Nov 2026 |
| Management confidence | Order book visibility stressed; no numeric guidance |
Growth
C&I ₹337.46 cr (+64.42%); Metering ₹270.85 cr (+18.17%); W&C ₹177.99 cr (+159.46%). H1 revenue +37.44%.
Outlook
No numeric FY27 guidance; aims to scale both verticals and restore margins; pricing benefits from H2 FY27.
Risks
Input-cost volatility in metals and plastics; C&I EBIT margin 8.90% vs 10.98%; gross margin down 799 bps.
Last quarter's promises, checked
Delivered
- W&C 'very strong' next 2 qtrs → +159.46% YoY (= BEAT)
- Metering steady growth (Q1 ~17%) → +18.17% (= BEAT)
Partly delivered
- 3 Cairo state launches in Aug → KYRO in 2 cities, Aug 26 (= PARTIAL)
- C&I 'high double digit' growth → +64.42% YoY (= PARTIAL)
Missed
- Margins to improve by Q3, 16-17% if conditions ease → EBITDA 12.26% Q1 → 11.74% Q2 (= MISS)
- Order book ~3,200 cr, 2-3yr visibility → ₹2,700+ cr at 2 Nov 26 (= MISS)
Investor Presentation filed with BSE, NSE: HPL. Summary written with AI assistance from the document.
HPL Electric & Power Ltd: key numbers
- Share price
- ₹253.68
- Market cap
- ₹1,631 Cr
- Revenue (annual)
- ₹1,811 Cr
- Net profit (annual)
- ₹91.01 Cr
- P/E (TTM)
- 17.9×Sector 43.7×
- Promoter holding
- 72.66%+0.00% QoQ
- FII holding
- 0.50%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HPL Electric & Power Ltd
All →HPL Electric & Power Results Update
HPL Electric & Power reported record Q2 FY27 revenue, up 40% year-on-year, and crossed ₹600 crore for the first time. Margins narrowed on input-cost volatility and a shift in revenue mix.
HPL Electric & Power Management Change
HPL Electric & Power appointed Bramhadeo Sawale as Non-Executive Independent Director, effective 12 November 2026. Dhruv Goyal ceased as Independent Director on completing his second tenure.
HPL Electric & Power Q2 FY27 Results: Net Profit ₹23.4 Cr, Up 4.5% YoY
HPL Electric & Power Ltd reported revenue from operations of ₹608.3 Cr (+40.0% YoY) and net profit of ₹23.4 Cr (+4.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹23.4 Cr · +4.5% YoY
HPL Electric & Power Capital Structure Change
HPL Electric's subsidiary Himachal Energy became wholly owned after the subsidiary bought back remaining shares. HPL's stake rose from 97.15% to 100% effective October 29, 2026.
HPL Electric & Power Board Meeting Date
HPL Electric & Power will hold a board meeting on November 5, 2026 to consider quarterly results. The trading window remains closed until 48 hours after results.
HPL Electric & Power Other Announcement
The company filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.